Examlex
What are four types of benchmarks that you should consider collecting?
Population
In statistics, the entire set of individuals or items from which samples can be drawn for analysis.
Confidence Interval
An estimated range of values calculated from a given set of sample data, reflecting where the true population parameter is expected to lie with a certain level of confidence.
Normal Distribution
A bell-shaped curve that represents the distribution of many types of data where most observations cluster around the mean.
Standard Error
A measure of the variability or dispersion of a sampling distribution.
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